Nvidia, Micron, and Amazon Top AI Stock Picks for September
Nvidia is still one of the top AI stocks to buy, according to recent earnings reports. The company reported incredible growth in revenue for its second quarter, with a 106% year-over-year pace.
The memory chip shortage has also boosted Micron's revenues and earnings, as prices skyrocketed due to demand far exceeding production capacity. Historically, September has been a bad month for the stock market, but these three stocks look like prime buying opportunities.
Nvidia's management team expects 70% revenue growth for fiscal 2028, which is well above Wall Street analysts' projections. Micron's stock is very cheap right now, trading at just six times its fiscal year 2027 earnings. Amazon's cloud computing division, AWS, has been growing rapidly and making up a significant portion of the company's operating income.